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Conference Concurrent Sessions
CONCURRENT SESSIONS 1:
8.45 - 10.15am; THURSDAY 20 APRIL
Room
Capital Markets I
Chair: Omar Al Farooque, University of New England (Australia)
LT3
1 Performance of Pakistani Business Groups During Energy Crisis
Aamir Inam Bhutta, Government College University
Muhammad Tahir Suleman, Wellington Institute of Technology
2 Insider Trading Around Earnings Announcements in Indian Firms
Sudipta Kumar Nanda, Indian Institute of Technology
Parama Barai, Xavier Labour Relations Institute
3 What Is the Economic Value of the Extractive Industries Transparency Initiative (EITI) Information
Disclosure?
Olayinka Moses, Victoria University of Wellington
Nurul Houqe, Victoria University of Wellington
Tony van Zijl, Victoria University of Wellington
CEO Compensation I
Chair: Chandrasekhar Krishnamurti, University of Southern Queensland
MZ05
4 Effect of Say on Pay on CEO Compensation and Spill Over Effect on Corporate Cash Holdings:
Evidence from Australia
Muhammad Atif, Griffith University
Allen Huang, Griffith University
Benjamin Liu, Griffith University
5 Institutional Ownership and CEO Pay: Evidence from China
Shiguang Ma, University of Wollongong
Xiaofei Pan, University of Wollongong
Dan Zhang, University of Wollongong
6 CEO Compensation and Non-GAAP Disclosures
David H. Lont, University of Otago
Dinithi Ranasinghe, University of Otago
Helen Roberts, University of Otago
Corporate Finance I
Chair: Dimu Ehalaiye, Massey University
MZ01
7 The Equity-Financing Channel, the Catering Channel, and Corporate Investment: International Evidence
Yuanto Kusnadi, Singapore Management University
K.C. John Wei, Hong Kong Polytechnic University
8 Disclosure Standardization and Textual Sentiment in Equity Crowdfunding: New Zealand Evidence
James S. Murray, Ara Institute of Canterbury
Jeremy Robertson, Ara Institute of Canterbury
9 Small Scale Private Equity: Demand Versus Supply
Bruce Leo Dwyer, Bond University
Keith Duncan, Bond University
Colette Southam, Bond University
Corporate Governance I
Chair: Pallab Kumar Biswas, University of Otago
MZ06
10 CFO Board Membership - The Effects on Firm Performance and Accruals Quality
Lien Duong, Curtin University
John Evans, Curtin University
11 Does Board Composition Follow Corporate Life-Cycles?
Attila Balogh, The University of Sydney
12 Foreign Strategic Ownership and Minority Shareholder Protection: Evidence from China
Hamish D. Anderson, Massey University
Jing Chi, Massey University
Jing Liao, Massey University
Corporate Social Responsibility I
Chair: Neerav Nagar, Indian Institute of Management
MZ02
13 Customer Concentration, Corporate Social Responsibility and Idiosyncratic Risk
Ahsan Habib, Massey University
Mostafa Monzur Hasan, Curtin University
Md. Borhan Uddin Bhuiyan*, Massey University
14 Carbon Risk and Firm Dividend Policy: Evidence from A Quasi-Natural Experiment
Justin Hung Nguyen, RMIT University
15 Board Generational Diversity and Sustainability Reporting: Empirical Evidence from China
Haiyan Huang, University of Tasmania
Chaudhry Ghafran, University of Sheffield
Muhammad Jahangir Ali, La Trobe University
Balachandran Muniandy, La Trobe University
CONCURRENT SESSIONS: 2
10.45 - 12.15pm; THURSDAY 20 APRIL
Audit
Chair: Ainul Islam, Victoria University of Wellington
G24
16 The Role of Auditing in Corporate Governance in Australia and New Zealand: A Research Synthesis
David Hay, University of Auckland
Jenny Stewart, Griffith University
Nives Botica Redmayne, Massey University
17 Classification Shifting and Big 4 Audit Fee Premium
Naman Desai, Indian Institute of Management
Joshy Jacob, Indian Institute of Management
Neerav Nagar, Indian Institute of Management
18 Auditor Choice, Audit, and Nonaudit Fees: Evidence from Group-Affiliated Indian Firms
Mohinder Parkash, Oakland University
Rajeev Singhal, Oakland University
Capital Markets II
Chair: Larelle Law Chapple, Queensland University of Technology
LT3
19 National Culture and Stock Price Crash Risk
Tung Lam Dang, The University of Danang
Robert W. Faff, University of Queensland
Luong Hoang Luong, University of New South Wales
Lily H.G. Nguyen, La Trobe University
20 Reforming the Securities Litigation: Evidence from Taiwan
Hsien-Ping Lin, National Yunlin University of Science and Technology
Yung-Jang Wang*, National Chung Cheng University
21 An Evaluation of Market Responses to Corporate Disclosures in a Continuous Disclosure Environment
Hanqiao Li, Victoria University of Wellington
Trish Keeper, Victoria University of Wellington
Thu Phuong Truong, Victoria University of Wellington
Informativeness of Option Prices
Chair: Cheng Zhang, Victoria University of Wellington
MZ01
22 The Effects of Conference Call Tone on Market Perceptions of Value Uncertainty
Paul Borochin, University of Connecticut
Jim Cicon, University of Central Missouri
Jared DeLisle, Utah State University
S. McKay Price, Lehigh University
23 Informed Trading in Option Markets around Accelerated Share Repurchase Announcements
Ladshiya Atisoothanan , La Trobe University
Bala Balachandran, La Trobe University
Huu Nhan Duong, Monash University
Michael Theobald, University of Birmingham
24 Center of Volume Mass: How Does Aggregate Options Market Opinion Predict Future Equity Returns?
Gennaro Bernile, University of Miami
Fei Gao, Singapore Management University
Jianfeng Hu, Singapore Management University
Market Returns and Volatility I
Chair: Ben R. Marshall, Massey University
MZ02
25 Forecasting Stock Market Volatility and Information Content of Implied Volatility Index
Pratap Chandra Pati, Indian Institute of Technology
Parama Barai, Indian Institute of Technology
Prabina Rajib, Vinod Gupta School of Management
26 Stock Price Crashes Along the Supply Chain
Buhui Qiu, University of Sydney
Fangming Xu, University of Bristol
Cheng Zeng, Manchester Business School
27 The Macroeconomic Determinants of Commodity Futures Volatility: The Evidence from Chinese and
Indian Markets
Di Mo, Griffith University
Rakesh Gupta, Griffith University
Bin Li, Griffith University
Tarlok Singh, Griffith University
Mergers and Acquisitions
Chair: Hue Hwa Au Yong, Monash University
MZ05
28 Top Management Acquisitive Behaviour and Tax Avoidance
Ferdinand A. Gul, Deakin University
Mehdi Khedmati, Monash University
Syed Shams, University of Southern Queensland
29 Block Deals, Market Reaction and Monitoring Role: Evidence from India
Poonam Singh, National Institute of Industrial Engineering
Kavitha Ranganathan, T.A. Pai Management Institute
30 The Impact of Trade Sale on Acquiring Firms' Internal Capital Market and Firm Value
Amandeep Sahota, University of Strathclyde
Ali Ataullah, Loughborough University
Value Relevance studies
Chair: Richard Donald Morris, University of New South Wales
MZ06
31 Value Relevance of Corporate Donations
Thomas St George, Victoria University of Wellington
Nurul Houqe, Victoria University of Wellington
Tony van Zijl, Victoria University of Wellington
A.K.M. Waresul Karim, Saint Mary's College of California
32 Equity Values and Prediction of Earnings with Disaggregation of Earnings in an Emerging Market
Pooja Kumari, Indian Institute of Technology
Chandra Sekhar Mishra, Indian Institute of Technology
33 Enforcement, GAAP Difference and IFRS Impact on the Value Relevance of Fundamental Signals
Nandana Pushpakumara Wasantha Pathiranage, Swinburne University of Technology
Christine Ann Jubb, Swinburne University of Technology
CONCURRENT SESSIONS: 3
2.25 - 3.55pm; THURSDAY 20 APRIL
Capital Markets III
Chair: Vito Mollica, Macquarie Graduate School of Management
LT3
34 Insider Trading and the Post-Earnings Announcement Drift
Ian Tonks, University of Bath
Christina Dargenidou, University of Exeter
Fanis N. Tsoligkas, University of Bath
35 Financial Integration in Asia Pacific and the Role of China: Examining Financial Linkages,
Market Interdependence and Volatility Spillover
Rui Huo, RMIT University
Abdullahi D. Ahmed, RMIT University
36 Key Drivers of the Financial Performance of the Demutualized and Self-Listed Stock Exchanges in Asia-Pacific
Rashid Ameer, IPU Tertairy Institute
Radiah Othman, Massey University
CEO Compensation II
Chair: Dinithi Ranasinghe, University of Otago
MZ05
37 Underpayment Versus Overpayment: How Does Corporate Governance Quality Affect CEO Pay?
Ernest Gyapong, Massey University Reza Monem, Griffith University
Reza Monem, Griffith University
38 Is Shareholder Activism the Missing Link in Corporate Governance? A Review of 'Say on Pay' in Australia
Will Mackay, University of Adelaide
Yuan George Shan, The University of Adelaide
Bryan Howieson, University of Adelaide
39 Stock Trading Behaviour and Firm Performance in the Absence of CEO Equity-Based Compensation
Larelle Law Chapple, Queensland University of Technology
Brandon Chen, Victoria University of Wellington
Muhammad Tahir Suleman, Wellington Institute of Technology
Thu Phuong Truong, Victoria University of Wellington
Corporate Finance II
Chair: Dimu Ehalaiye, Massey University
MZ01
40 Family Firms and Cost of Equity Capital and Debt and Global Financial Crisis: Evidence from Australia
Muhammad Jahangir Ali, La Trobe University
Seema Miglani, La Trobe University
41 Institutional Quality, Investment Efficiency and the Choice of Public-Private Partnerships
Hong Nhung Dao, RMIT University
Vijaya B. Marisetty, RMIT University
Jing Shi, RMIT University
42 Cultural Diversity and Capital Structures of Multinational Firms
Bart Frijns, Auckland University of Technology
Alireza Tourani-Rad, Auckland University of Technology
John Fan Zhang, Auckland University of Technology
Corporate Social Responsibility II
Chair: Nurul Houqe, Victoria University of Wellington
43 Mandatory Corporate Social Responsibility: The India Experience
Ronald Geoffrey Bird, University of Technology Sydney
Abhishek Mukherjee, University of Waikato
Geeta Duppati, University of Waikato
44 The Relationships Between Corporate Social Responsibility, Financial Misstatements and SEC
Enforcement Actions
Don O'Sullivan, Melbourne Business School
Nam Tran, Melbourne Business School
45 Impact of Corporate Governance on Sustainability Reporting: Empirical Study in the Australian
Resources Industry
Hadrian G. Djajadikerta, Edith Cowan University
Tricia Ong, Edith Cowan University
MZ02
Impact of Economic Policy
Chair: Barry Williams, Monash University
G24
46 Political Uncertainty and Credit Supply: Evidence from China
Xiaofei Pan, University of Wollongong
Yiping Wu, Shanghai University
47 Economic Policy Uncertainty and Corporate Cash Holdings
Huu Nhan Duong, Monash University
Justin Hung Nguyen, RMIT University
My Nguyen, RMIT University
S. Ghon Rhee, University of Hawaii
48 Politics and Liquidity
Ben R. Marshall, Massey University
Hung T. Nguyen, Monash University
Nhut H. Nguyen, Massey University
Nuttawat Visaltanachoti, Massey University
Innovation
Chair: Nives Botica Redmayne, Massey University
MZ06
49 Overconfident CEOs as Outside Directors: Are They Better Facilitators for Innovation?
Lixiong Guo, University of New South Wales
Yue Lu, University of Waikato
50 Is Heterogeneity a Stumbling Block to Innovativeness? A Tale of an Emerging Economy
Ravichandran Subramaniam, Monash University, Malaysia
Gary Rangel, Monash University, Malaysia
Sa'adiah Munir, Monash University, Malaysia
Mohd Zulkhairi Mustapha, University of Malaya
51 Does Transparency Stifle Innovation? Evidence from R&D Activity in Different Information Environments
James R. Brown, Iowa State University
Gustav Martinsson, Institute for Financial Research
CONCURRENT SESSIONS: 4
9.50 - 11.20am; FRIDAY 21 APRIL
Banks
Chair: Toby Daglish, Victoria University of Wellington
52 The Value Relevance of Regulatory Capital Components
Martien Lubberink, Victoria University of Wellington
Roger J. Willett, University of Tasmania
53 Indian Bank Ownership, Efficiency and the Global Financial Crisis: A Dynamic DEA Approach
Mahinda Wijesiri, Ton Duc Thang University
Michael T. Skully, Monash University
Peter Wanke, Universidade Federal do Rio de Janeiro
54 Determinants of Multinational Bank Profitability and Efficiency: Evidence from Hong Kong
Wing In Katrina Yung, Monash University
Barry Williams, Monash University
Michael T. Skully, Monash University
MZ05
Capital Markets IV
Chair: Ian Tonks, University of Bath
LT3
55 Conditional Equity Premium and Aggregate Investment: Is the Stock Market a Sideshow?
Hui Guo, University of Cincinnati
Buhui Qiu, University of Sydney
56 Superstar Fund Managers
Jerry T. Parwada, University of New South Wales
Eric K. M. Tan, University of Otago
57 The Impact of the Shanghai-Hong Kong Connect on Market Liquidity and Price Divergence
Michael J. Aitken, Macquarie Graduate School of Management
Shan Ji, Capital Markets CRC
Vito Mollica, Macquarie Graduate School of Management
Xiatong Wang, Macquarie University
Corporate Finance III
Chair: Joshua Shemesh, University of Melbourne
MZ01
58 Investors and Choice Overload: Evidence from IPOs
Ansley Chua, Kansas State University
Jared DeLisle, Utah State University
Tareque Nasser, Kansas State University
59 Giving with the One Hand and Taking with the Other? Wealth Effects for Retail Shareholders in Unique
Private Placements
Hue Hwa Au Yong, Monash University
Christine A. Brown, Monash University
Chloe Choy Yeing Ho, Queensland University of Technology
Chander Shekhar, University of Melbourne
60 Uncertainty and Investment Choice in a Real-Options Model of the Firm
Cameron Hobbs, Victoria University of Wellington
Graeme Guthrie, Victoria University of Wellington
Corporate Social Responsibility III
Chair: Ainul Islam, Victoria University of Wellington
MZ02
61 Strategy, Carbon Accounting and Firm Carbon Performance: An International Study
Binh Bui, Victoria University of Wellington
Nurul Houqe, Victoria University of Wellington
Tri Nag, Victoria University of Wellington
62 CSR Reporting in Bangladesh: The Introduction of Corporate Governance Guidelines
Pallab Kumar Biswas, University of Otago
Helen Roberts, University of Otago
Rosalind H. Whiting, University of Otago
63 Mandatory Corporate Social Responsibility (CSR) Reporting and Financial Constraints: Evidence from
a Quasi-Natural Experiment in China
Xiao Liang, Macquarie University
Charlene Chen, Macquarie University
Xianwang Shi, Zhongnan University of Economics and Law
Financial Reporting
Chair: Christine Ann Jubb, Swinburne University of Technology
MZ06
64 IFRS Adoption - Evidence from a Regulator
Michael E. Bradbury, Massey University
Ahsan Habib, Massey University
Md. Borhan Uddin Bhuiyan, Massey University
65 Gross Profit Manipulation through Classification Shifting
Sakina Hasan Poonawala, Indian Institute of Management
Neerav Nagar, Indian Institute of Management
66 The Association between Goodwill Impairment Loss and Goodwill Impairment Test-Related Disclosures
in Australia
Humayun Kabir, Auckland University of Technology
Asheq R. Rahman, Auckland University of Technology
Li Su, Auckland University of Technology
Market Returns and Volatility II
Chair: Omar Al Farooque, University of New England (Australia)
G24
67 Individual and Institutional Informed Trading in Competing Firms Around Earnings Announcements
Priyantha Mudalige, University of South Australia
Petko S. Kalev, University of South Australia
Kartick Gupta, University of South Australia
Huu Nhan Duong, Monash University
68 Macroeconomic News Announcements and Market Efficiency: Evidence from the U.S. Treasury Market
Hai Lin, Victoria University of Wellington
Ingrid Lo, Bank of Canada
Rui Qiao, Victoria University of Wellington
69 Network Connectedness, Uncertainty and Net Spillover between Financial and Commodity Markets
Sang Hoon Kang, Pusan National University
M. Al Mamun, La Trobe University
Gazi Salah Uddin, Linkoping University
Seong-Min Yoon, Pusan National University
CONCURRENT SESSIONS: 5
1.30 - 3.00pm; FRIDAY 21 APRIL
Board Gender Diversity
Chair: Thu Phuong Truong, Victoria University of Wellington
MZ01
70 Board Gender Diversity and Risk Management: And a View of the Financial, Investment and Liquidity Policies
Rubeena Tashfeen, Victoria University of Wellington
Muhammad Tahir Suleman, Wellington Institute of Technology
71 Are Women Better Directors in the Boards?
Olvar Bergland, Norwegian University of Life Sciences
Helge Berglann, Norwegian Agricultural Economics Research Institute
Aytac Erdemir, NIBIO
72 Board Gender Diversity and Corporate Innovation Strategies
Alireza Vafaei, La Trobe University
Mohammad Alipour, Islamic Azad University
Darren Henry, La Trobe University
Capital Markets V
Chair: Martien Lubberink, Victoria University of Wellington
LT3
73 Who Starts a Self-Managed Superannuation Fund and Why?
Ronald Geoffrey Bird, University of Technology Sydney
F. Douglas Foster, The University of Sydney
Jack Gray, University of Technology Sydney
Adrian Michael Raftery, Deakin Business School
74 Implications of Causative Explanations in Earnings Press Releases for Financial Analysts
Xuan Huang, California State University
Chul W. Park, The University of Hong Kong
Feng Tian, Hong Kong Polytechnic University
75 The Monitoring Role of General Counsel: The Case of Stock Option Backdating and Stock Price Crash Risk
Yi-Chieh Li, National Taiwan University
Yun-Ru Peng, National Taiwan University
Shu-Ling Wu, National Taiwan University
Corporate Governance II
Chair: Ravichandran Subramaniam, Monash University, Malaysia
MZ02
76 To Pay or Not Pay: Directors' Remuneration and Insolvency Risk in Credit Unions
Luisa A. Unda, Monash University
Dinithi Ranasinghe, University of Otago
77 The Moderating Role of Corporate Governance on the Relationship between CEO Compensation and
Earnings Management
Oheneba Assenso-Okofo, La Trobe University
Muhammad Jahangir Ali, La Trobe University
Kamran Ahmed, La Trobe University
78 Board Gender Composition, Dividend Policy and Cost of Debt: The Implications of CEO Duality
Samuel Jebaraj Benjamin, University of Otago
Pallab Kumar Biswas, University of Otago
Corruption
Chair: Bryan Howieson, University of Adelaide
MZ05
79 Audit Fees and Corruption
Nurul Houqe, Victoria University of Wellington
A.K.M. Waresul Karim, Saint Mary's College of California
Andrew Mahoney, Victoria University of Wellington
Tony van Zijl, Victoria University of Wellington
80 Establishing a Regional Whistleblowing Policy: Directing to the ASEAN Economic Community (AEC)
Wan Sallha Yusoff, National University of Malaysia
Mohd Fairuz Md. Salleh, National University of Malaysia
81 Drivers of Corruption Risk and Stock Market Effects: Evidence from the Defence Industry
Chandrasekhar Krishnamurti, University of Southern Queensland
Domenico Pensiero, University of Southern Queensland
Eswaran Velayutham, University of Southern Queensland
Political Connections
Chair: Joshua Shemesh, University of Melbourne
MZ06
82 A Theory of Political Connections Through Lender Compensation, Enforcement, and Social Objectives
on Interest Rates, Access to Credit, and Investment
Michael Keefe, Victoria University of Wellington
83 Politician Tenure and Banks' Non-Performing Loans: Evidence from China
Xiaofei Pan, University of Wollongong
Baoqing Pang, Shanghai University
Yiping Wu, Shanghai University
84 Benefits of Downward Earnings Management and Political Connections: Evidence from Government Subsidy
and Market Pricing
Haiyan Jiang, University of Waikato
Yuanyuan Hu, Massey University
Honghui Zhang, Jiangxi University of Finance and Economics
Donghua Zhou, Jiangxi University of Finance and Economics
CONCURRENT SESSIONS: 6
3.20 - 4.20pm; FRIDAY 21 APRIL
Capital Markets VI
Chair: ATM Tariquzzaman, Victoria University of Wellington
MZ01
85 The Impact of Debt Financing on Conditional Conservatism Following Mandatory Adoption of IFRS in Australia
Kebing Li, University of New South Wales
Richard Donald Morris, University of New South Wales
Helen Kang, University of New South Wales
Cheng Y. Lai, University of New South Wales
86 SFAS 157 and the Predictive Value of U.S Bank Fair Values
Dimu Ehalaiye, Massey University
Mark J. Tippett, Loughborough University
Tony van Zijl, Victoria University of Wellington
Corporate Finance IV
Chair: Haiyan Jiang, University of Waikato
MZ02
87 The Influence of Investment Volatility on Capital Structure and Cash Holdings
Mona Yaghoubi, Victoria University of Wellington
Michael Keefe, Victoria University of Wellington
88 Factors Influencing Share Buyback Decisions of Indian Companies
Sarthak Kumar Jena, Indian Institute of Technology
Chandra Sekhar Mishra, Indian Institute of Technology
Prabina Rajib, Vinod Gupta School of Management
Corporate Governance and Performance
Chair: Martien Lubberink, Victoria University of Wellington
MZ05
89 Do Governance Mechanisms Influence Financial Performance? Empirical Evidence from an Asian Emerging
Market
Omar Al Farooque, University of New England (Australia)
Wonlop Buachoom, Rangsit University
90 The Corporate Governance - Performance Puzzle: New Insights
Ariadna Dumitrescu, ESADE Business School
Mohammed Zakriya, ESADE Business School, Ramon Llull University
Corporate Social Responsibility IV
Chair: Samuel Jebaraj Benjamin, University of Otago
MZ06
91 The Role of Voluntary Corporate Governance Mechanisms on Environmental Risk Disclosure: Australian
Evidence
Eswaran Velayutham, University of Southern Queensland
Chandrasekhar Krishnamurti, University of Southern Queensland
Ariful Hoque, Murdoch University
92 Shareholder Activism and CSR Disclosure
Yi Yang, Victoria University of Wellington
Binh Bui, Victoria University of Wellington
Thu Phuong Truong, Victoria University of Wellington
Access to abstracts and public papers
The papers have been numbered from 1 - 92. To see the abstract for a conference paper,
please follow the details on the webpage and click on the link and scroll down to the paper
number. If the paper is a public paper it will have a ‘PDF’ link adjacent to the paper number.
Click on the link to go (via SSRN) to the paper. The public papers will be available as
conference proceedings on SSRN after the conference. If, when submitting your paper, you
opted for it to only be available privately but you would now prefer that it be included in the
conference proceedings, please advise Vanessa Borg, the Conference manager.
Guide:
LT3: Lecture Theatres 3, ground floor Rutherford House
G24: Seminar room, ground floor Rutherford House
MZ01, MZ02, MZ05, MZ06: Seminar rooms, mezzanine floor Rutherford House
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